Kigali International Financial Center has on Tuesday 16th June signed a partnership agreement with CDC Group, the UK's development finance institution and impact investor.

The agreement signed virtually among other things provides for KIFC to gain and benefit from CDC Group's expertise to support the ongoing development of the new international financial centre.

Among the provisions of the agreement is that CDC will provide expertise that will help shape a strong legal and regulatory framework at Kigali International Finance Centre designed to attract institutional investors seeking to finance African businesses.

The deal is part of the implementation and actualize the Kigali International Financial Centre, a project working to reform the financial services sector overseen by Rwanda Finance Limited.

The agreement, signed virtually among other things sought seeks to promote best practices, through which CFC will support the development of the Financial International Center of Kigali (KIFC).